Soybean and Wyckoff Analysis

ที่อัปเดต:
Bullish Wyckoff Analysis.

Background:
After a series of Sell Down in Soybean, we finally see a accumulation and breakout of the chart signal that probably telling us the sell off is over.
The composite man has probably done their accumulation phase and now is the time to bring the real rally out from water.
We see Gold and Silver flying to sky, and why not the commodities now with the fact of Falling Dollar ?

In all the 3x Previous rally
are followed with relatively Higher
Volume. Each Pull back forming
a Higher Low and
showing a Up trend
line is FORMED.

Wyckoff Analysis Events
PS Preliminary Support
SC Selling Climax
AR Automatic Rally
ST Secondary Test
Spring Test
SOS Sign of Strength
LPS Last Point Of Support
BU Back-Up (Small Pull Back After SOS)

Entry : 890-900 (Range)
Target : 980 in Nov (Before the ZSX2020 Contract Expired)
Stop : 860

From Source
wyckoffanalytics.com/wyckoff-method/
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บันทึก
Trade Completed. For Shorten Trader You may completely closed your trade.
For Long term Trader, If you have multiple contract in hand, take half position for profit taking. Watch for possible retracement to SMA20 and forming a turning signal and to reenter the trade for next move.
Chart PatternsTrend Analysiswyckoff

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